Core & Main Reaches 12-Month High of $32.34
August 1, 2023
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Core & Main ($NYSE:CNM), Inc. is a leading distributor of water, sewer, storm drain and fire protection products in the U.S. and Canada. On Friday, the company achieved a milestone as its stock reached a record peak of $32.34, its highest level in the past 12 months. This surge in the company’s stock price is being attributed to the strong performance of its core business and its acquisition of HGL Ltd., an Ontario-based waterworks supply distributor. Additionally, Core & Main has also benefitted from the strong market demand for its products both in the United States and Canada.
Price History
On Monday, CORE & MAIN stock hit a 12-month high of $32.34 when it opened at $32.4. However, at the close of trading, the stock had fallen to $31.6, a decrease of 2.2% from the previous closing price of $32.3. This marks the highest share price CORE & MAIN has seen in the last 12 months, despite its recent downturn. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for CNM. More…
| Total Revenues | Net Income | Net Margin |
| 6.63k | 366 | 5.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CNM. More…
| Operations | Investing | Financing |
| 558 | -215 | -343 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for CNM. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.93k | 2.74k | 9.82 |
Key Ratios Snapshot
Some of the financial key ratios for CNM are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 25.2% | 71.0% | 11.7% |
| FCF Margin | ROE | ROA |
| 8.0% | 28.7% | 9.8% |
Analysis
At GoodWhale, we have performed an analysis of CORE & MAIN’s financials and concluded that it is a high risk investment. Our Risk Rating indicates that there are significant risks associated with this investment. Further investigation of the balance sheet and cashflow statement reveals two potential risk warnings. We recommend that investors register with us to get more information on these risks. Our analysis provides a comprehensive view of the financial and business aspects of this investment, allowing investors to make an informed decision. More…
Peers
The competitive landscape in the water supply and sewerage construction sector is heating up with Core & Main Inc vying for dominance against its rivals DXP Enterprises Inc, Reece Ltd, and Water Supply Sewerage Construction and Investment JSC. All four companies are engaged in a fierce battle to secure the top spot, with each striving to deliver the best products and services to their customers.
– DXP Enterprises Inc ($NASDAQ:DXPE)
DDD Enterprises Inc is a leading multinational company that specializes in the production and distribution of industrial products. With a market cap of 486.01M as of 2022 and a Return on Equity of 12.81%, the company is well-positioned to remain a formidable player in the industry. The market cap of DDD Enterprises Inc reflects its size, financial strength and market presence, and the high ROE indicates that the company is able to generate good returns on the capital it invests. DDD Enterprises Inc is committed to providing innovative solutions to its customers, and its strong market position makes it an attractive partner for investors.
– Reece Ltd ($ASX:REH)
Reece Ltd is an Australian distributor of plumbing and bathroom products. The company has a market cap of 9.46B as of 2022, which indicates its strong presence in the market and the trust its customers have in the company. It also has a Return on Equity of 11.05%, which indicates that the company is performing well financially and generating returns for its investors.
Summary
This is due to the company’s strong performance in the investment market, with increasing revenue and profits. Investors are confident in the company’s growth prospects and continue to show their support by purchasing more of its shares. The company also has a robust balance sheet, with low debt levels and ample cash reserves. This provides further assurance that Core & Main is well-positioned to weather any economic downturns.
Analysts have also been increasingly optimistic about the company’s performance, citing a strong focus on operational efficiency and successful integration of acquisitions, which should help drive future profits. Overall, Core & Main is an attractive investment opportunity that should be considered for any investor’s portfolio.
